Bristow Group Inc. (BRS) Stock Price Up 5.8%
Shares of Bristow Group Inc. (NYSE:BRS) rose 5.8% during mid-day trading on Friday . The company traded as high as $12.28 and last traded at $12.24, with a volume of 354,074 shares. The stock had previously closed at $11.57.
BRS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Barclays PLC upgraded shares of Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $22.00 to $20.00 in a report on Monday, June 6th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $15.00 target price on shares of Bristow Group in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Bristow Group presently has a consensus rating of “Hold” and an average target price of $23.67.
The firm’s market capitalization is $430.23 million. The company has a 50-day moving average of $13.67 and a 200-day moving average of $17.88.
Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.38. During the same quarter in the prior year, the firm earned $0.91 EPS. Analysts forecast that Bristow Group Inc. will post ($0.52) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, June 10th.
In other news, CEO Jonathan Baliff acquired 7,600 shares of Bristow Group stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of $12.98 per share, with a total value of $98,648.00. Following the completion of the purchase, the chief executive officer now owns 35,766 shares of the company’s stock, valued at approximately $464,242.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider L. Don Miller acquired 3,150 shares of Bristow Group stock in a transaction that occurred on Thursday, June 2nd. The shares were purchased at an average cost of $12.69 per share, for a total transaction of $39,973.50. Following the purchase, the insider now directly owns 8,102 shares of the company’s stock, valued at approximately $102,814.38. The disclosure for this purchase can be found here.
Other institutional investors have recently made changes to their positions in the company. Boston Partners increased its position in shares of Bristow Group by 332.3% in the fourth quarter. Boston Partners now owns 3,298,210 shares of the company’s stock valued at $85,424,000 after buying an additional 2,535,283 shares during the last quarter. LSV Asset Management increased its position in shares of Bristow Group by 64.6% in the fourth quarter. LSV Asset Management now owns 581,950 shares of the company’s stock valued at $15,072,000 after buying an additional 228,450 shares during the last quarter. First Trust Advisors LP increased its position in shares of Bristow Group by 61.5% in the fourth quarter. First Trust Advisors LP now owns 76,703 shares of the company’s stock valued at $1,987,000 after buying an additional 29,204 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Bristow Group by 22.7% in the fourth quarter. State of Wisconsin Investment Board now owns 152,129 shares of the company’s stock valued at $3,940,000 after buying an additional 28,110 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Bristow Group by 79.1% in the fourth quarter. Nationwide Fund Advisors now owns 62,271 shares of the company’s stock valued at $1,613,000 after buying an additional 27,507 shares during the last quarter.
Bristow Group Inc is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea, Nigeria and the United States Gulf of Mexico, and in most of the other offshore energy producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad.
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